I have my 2023 taxes Non W2 and hope to have my 2024 Taxes Non W2 back end of this coming week. 

It sounds like your question is what is the conventional guideline on using these rents to qualify ?

You are out in Cali so it is tough to get a good cash flow deal but if you have a comfort level check out states Like Indiana, Ohio, Florida, Las Vegas, Tenn, Georgi and a few others.Unlike Cali you can still find a decent 2-4 unit in states Like IN, OH and FL for under $250K with rents at or above $1250 a door.

Quote from @Michael K Gallagher: Quote from @A Rao: I invest in land and have done entitlement/zoning and other DD work successfully for years.A broker called me this morning on a property I have on a busy interesection and has a QSR client who likes the location, but does not want to do a ground lease, only a build to suit. 

I like the idea of a newer 4plex but they just don’t exist in my market.

I have had a long term interest in purchasing an investment property and I'm looking to be smarter about this.

I would call those contractors and ask the same thing about this property as you did those other two guys.

Is this considered a HELOC? 

At the same time I feel like some of the market rents they are willing to pay are over what is realistic and may be contributing to inflating the broader market.

I believe in some states leases over a certain length of time need to be recorded like a deed to be enforced.